From Deseret News archives:
Utes thriving after nearly going broke
Jurrius studied accounting and finance at Angelo State University but did not graduate. He worked for and started several energy companies before the Southern Utes hired him as a financial consultant in 1997. The past decade he has worked almost exclusively with tribes, including the Jicarilla Apache Nation in New Mexico. He left the Southern Utes with $1.5 billion in assets and as the only tribe in the nation with a AAA bond rating.
Under Jurrius, that tribe's net income swelled from $7 million in 1990 to $500 million in 2001 through investments in oil and gas leases, real estate and construction. Employees in the tribe's numerous business ventures climbed to 2,000. That wealth, now approaching $2 billion, trickles down to the tribe's 1,300 members.
Each Southern Ute over age 60 gets $60,000 a year; members 22 to 59 get a percentage of tribal profits up to $30,000. College scholarships start at $10,000 per student.
The tribe donated the land for a new hospital in Durango and is building a $75 million conference center in the Four Corners area.
The 'sheriff'
"It's money well spent. For any good financial advising, you have to pay for it," said Cameron Cuch. "Before he came, we were losing money left and right. People were capitalizing left and right on our confusion."
Without the Jurrius plan, says Ute chairwoman Natchees, tribal government would have closed down.
"We just couldn't maintain," she said.
Natchees says her vision for the tribe is to follow the financial plan and gain financial stability and sufficiency. The tribe is well on its way, Natchees said. "The most difficult thing is that some people don't fully understand where we are."
And not all tribal members see Jurrius in glowing terms. Controversy surrounding his financial vision continues to pick at the tribe.
The membership has approved the plan with a tribal ordinance which makes it the law of the land. The tribal council is obliged to follow through with the plan.
Natchees, who stands firmly with Jurrius, has been the subject of at least three recall petitions. She is in her first four-year term as chairwoman.
"We have found a very friendly partner in the tribe," said Mike McKee, a Uintah County commissioner. "The tribe is a treasure chest of wealth."
Recent comments
I think what John Jurrius has done for the Ute Indian Tribe in Utah...
Kinzey Jenks | Nov. 6, 2007 at 11:51 a.m.
- Jones' joy for life remembered 4:09 p.m.
- 'A Christmas Story' opens this week 4:05 p.m.
- Fantasy is reality for BYU professor 4:05 p.m.
- Art gallery exhibitions this week 4:05 p.m.
- Special exhibits and programs 4:05 p.m.
- Utah concert calendar 4:05 p.m.
- 'The Nutcracker' tradition of change 4:05 p.m.
- Ballet West sponsors coat drive 4:05 p.m.
- Book signings, readings, other events 4:05 p.m.
- 'Gathering Storm' hard to put down 4:05 p.m.
- Cave to be sealed with body inside
- Predicting the unpredictable: BYU wins
- Vegas, Poinsettia bowls or bust
- Glover gives Utes last-second upset
- BYU football: 5 keys to victory
- Cougars turn back Wildcats'
- Man trapped in Nutty Putty cave dies
- Running game key to BYU offense
- Budget cuts won't help in 2011
- Efforts to save a life praised
- BYU would like friendlier rivalry
272 - Thunder rolls by Jazz
136 - Boys basketball rankings
134 - Letters: Rushing to judge Palin
134 - Editorial: Poor welcome for Palin
113 - Cave to be sealed with body inside
111 - Man trapped in Nutty Putty cave dies
111 - Letters: Trump card for believers
98 - Rivalry Week is highly profane
88 - Utah, BYU are top choices for bowls
76
I wanted to tell them not to go. I dropped subtle hints. "My money is on...
When I was a kid, I worshipped my grandpa. He was undoubtedly my hero....
Yes, thank you for such a wonderful portrayal of the Christ of Christmas!...
I went throught this cave when I was young and I thought it was fun. I was...
Hey, I've heard through the underground grapvine that Rich's Head Mechanics'...
Bears are not true hibernators. Just because they "den up" don't make them...
I have read the proposal, and agree that it is verbose, but I fail to see any...
I guess a "tribute" to the team of 1984 is fine, but the Royal blue was bad...
Geez Charles. Why don't you take your arrogance and condescension down a...
Congratulations on your win Utah!! Cougars get defeated yet once again!
Offloading or externalizing basic costs of doing business have been a staple...
@ 3:48, Use your computer and be prepared for some fascinating reading....



